PM0015 – Quantitative methods in Project Management

2^nd set

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Fall-2013

Master of Business Administration - MBA Semester 4

PM0015–Quantitative methods in Project Management-4 credits

(Book ID: B1344)

ASSIGNMENT- Set 1

Marks 60

Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.

Q1. Discuss PERT technique of project planning.

Answer. PERT technique

Critical Path Analysis and PERT are powerful tools that help you to schedule and manage complex projects. They were developed in the 1950s to control large defence projects, and have been used routinely since then. As with Gantt Charts, Critical Path Analysis (CPA) or the Critical Path Method (CPM) helps you to plan all tasks that must be completed as part of a project. They act as the basis both for preparation of a schedule,

Q2. Explain the two criteria by which scheduling can be finalised in relation with the resource deployment.

Answer. Estimating the resources:

The goal of activity resource estimating is to assign resources to each activity in the activity list. There are five tools and techniques for the activity resource estimating process. Some of them have technical sounding names, but they’re all actually pretty sensible when you think about it. They should make sense to you when you think about what you have to do when you have to figure out what resources your project needs.

Q3. Describe the time-series forecasting of seasonal data.

Answer. Many types of data are collected over time. Stock prices, sales volumes, interest rates, and quality measurements are typical examples. Because of the sequential nature of the data, special statistical techniques that account for the dynamic nature of the data are required.

STATGRAPHICS Centurion provides an extensive set of procedures designed for analyzing time series data:

Q4. State the basic functionalities of MS Project.

Answer. Microsoft Project users have a reason to look forward. In 2010 a new version of the leading software will hit the market. We have tested a beta version for you and present the crucial innovations in the following article.

Starting up

There are two opinions among our colleagues about the newest Office version. Some are enthusiastic about the new user interface in Office. Others are still complaining on a daily basis about the so-called ribbons. I am part of the last group and, from time to time, need minutes at a time to search for a specific

Q5. Describe the various elements of entering and managing resources in MS Project.

Answer. PROJECT AIMS AND OBJECTIVES

·         To build upon and extend the work already undertaken by one project member in this field

·         To assist the University of Northampton to develop strategies that address traditional subject gender imbalances

·         To meet a stated aim of The British Computer Society (BCS), which is to encourage more females to take up a career in Computing and IT

·         To meet an identified aim of Microsoft Premier Field Engineering Team, (PFE) being that of recruiting more female Engineers

Q6. How to create a report on the project activities in the MS Project.

Answer. Create and print a basic report

You can create and print basic predefined task, resource, and crosstab reports to help present your project data to others. You can change any of these reports to present the information that you want.

What basic reports are available?

Basic reports are divided into six categories in the Reports dialog box (Report menu). The following sections provide descriptions of the

2^nd set

Solved assignments for Rs.150 each

Mail me at: subjects4u@gmail.com or at

08627023490